Policy trade-offs
What Policy trade-offs means in Economics GCSE, as defined for AQA.
Definitions of Policy trade-offs
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Reference: AQA
Situations where achieving one economic objective often conflicts with another, so that pursuing one objective negatively impacts another.
A situation where pursuing one objective has a detrimental effect on another objective.
Topics that use Policy trade-offs
- Economic objectives of the government (AQA GCSE)
- How the economy works (AQA GCSE)
Related terms
- Macroeconomic objectives
- Balance of payments
- Consumers
- Economic growth
- Economic growth vs inflation
- Environmental externalities
- Environmental protection
- Functions of money
Using Policy trade-offs in the exam
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